Zhejiang Shapuaisi Pharmaceutical Co.,Ltd. engages in the research and development, production, and sale of pharmaceutical products. The company provides its products to ophthalmology, antimicrobials, gynecology, and other classes. It offers its products in injections, oral solutions, eye drops, tablets, capsules, and other dosage forms. Zhejiang Shapuaisi Pharmaceutical Co.,Ltd. was founded in 1978 and is based in Pinghu, China.
Zhejiang Shapuaisi Pharmaceutical Co Ltd (603168) - Net Assets
Latest net assets as of March 2025: CN¥1.60 Billion CNY
Based on the latest financial reports, Zhejiang Shapuaisi Pharmaceutical Co Ltd (603168) has net assets worth CN¥1.60 Billion CNY as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.11 Billion) and total liabilities (CN¥506.07 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Current Net Assets | CN¥1.60 Billion | % of Total Assets | 75.96% |
|---|---|---|---|
| Annual Growth Rate | 17.2% | 5-Year Change | 21.71% |
| 10-Year Change | 78.29% | Growth Volatility | 36.22 |
Zhejiang Shapuaisi Pharmaceutical Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Shapuaisi Pharmaceutical Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Shapuaisi Pharmaceutical Co Ltd (2011–2024)
The table below shows the annual net assets of Zhejiang Shapuaisi Pharmaceutical Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.59 Billion | -8.08% |
| 2023-12-31 | CN¥1.73 Billion | +0.74% |
| 2022-12-31 | CN¥1.72 Billion | +26.93% |
| 2021-12-31 | CN¥1.35 Billion | +3.55% |
| 2020-12-31 | CN¥1.31 Billion | -12.28% |
| 2019-12-31 | CN¥1.49 Billion | +0.53% |
| 2018-12-31 | CN¥1.48 Billion | -10.63% |
| 2017-12-31 | CN¥1.66 Billion | +3.95% |
| 2016-12-31 | CN¥1.59 Billion | +78.80% |
| 2015-12-31 | CN¥891.62 Million | +16.87% |
| 2014-12-31 | CN¥762.90 Million | +115.93% |
| 2013-12-31 | CN¥353.31 Million | +28.84% |
| 2012-12-31 | CN¥274.21 Million | +35.78% |
| 2011-12-31 | CN¥201.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Shapuaisi Pharmaceutical Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 114.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥211.97 Million | 13.33% |
| Other Components | CN¥1.38 Billion | 86.67% |
| Total Equity | CN¥1.59 Billion | 100.00% |
Zhejiang Shapuaisi Pharmaceutical Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Shapuaisi Pharmaceutical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lingyuan Iron & Steel Co Ltd
SHG:600231
|
$200.88 Million |
|
ITAB Shop Concept AB ser. B
ST:ITAB
|
$201.01 Million |
|
Ritek Corp
TW:2349
|
$201.08 Million |
|
Cloudberry Clean Energy As
OL:CLOUD
|
$201.08 Million |
|
MayAir Technology (China) Co. Ltd. A
SHG:688376
|
$200.86 Million |
|
ioneer Ltd American Depositary Shares
NASDAQ:IONR
|
$200.82 Million |
|
BH Co. Ltd
KQ:090460
|
$200.80 Million |
|
NATL RESH CORP. DL-001
F:NR1A
|
$200.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Shapuaisi Pharmaceutical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,719,676,896 to 1,589,629,317, a change of -130,047,579 (-7.6%).
- Net loss of 123,442,602 reduced equity.
- Dividend payments of 14,527,633 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-123.44 Million | -7.77% |
| Dividends Paid | CN¥14.53 Million | -0.91% |
| Other Changes | CN¥7.92 Million | +0.5% |
| Total Change | CN¥ -130.05 Million | -7.56% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Shapuaisi Pharmaceutical Co Ltd's book value (net assets per share) with its market price over time, revealing how the market values the company relative to its accounting value.
Valuation Insights
- Current price-to-book ratio: 1.77x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.46x to 1.77x over the analyzed period, suggesting growing market confidence.
Price-to-Book Ratio History
| Year | Book Value Per Share | Market Price | Price-to-Book Ratio |
|---|---|---|---|
| 2017 | CN¥5.14 | CN¥7.48 | 1.46x |
| 2018 | CN¥4.59 | CN¥7.48 | 1.63x |
| 2019 | CN¥4.62 | CN¥7.48 | 1.62x |
| 2020 | CN¥4.05 | CN¥7.48 | 1.85x |
| 2021 | CN¥4.19 | CN¥7.48 | 1.78x |
| 2022 | CN¥4.58 | CN¥7.48 | 1.63x |
| 2023 | CN¥4.54 | CN¥7.48 | 1.65x |
| 2024 | CN¥4.23 | CN¥7.48 | 1.77x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Shapuaisi Pharmaceutical Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.51%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.32x
- Recent ROE (-7.77%) is below the historical average (9.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 33.63% | 16.62% | 1.25x | 1.62x | CN¥47.72 Million |
| 2012 | 33.14% | 16.68% | 1.05x | 1.88x | CN¥63.46 Million |
| 2013 | 29.46% | 16.57% | 1.05x | 1.69x | CN¥68.75 Million |
| 2014 | 17.21% | 17.16% | 0.88x | 1.14x | CN¥54.98 Million |
| 2015 | 19.74% | 19.10% | 0.72x | 1.43x | CN¥86.87 Million |
| 2016 | 17.29% | 28.17% | 0.53x | 1.16x | CN¥116.29 Million |
| 2017 | 8.83% | 15.59% | 0.50x | 1.13x | CN¥-19.37 Million |
| 2018 | -8.54% | -20.82% | 0.37x | 1.11x | CN¥-274.59 Million |
| 2019 | 0.53% | 1.52% | 0.32x | 1.07x | CN¥-141.05 Million |
| 2020 | -13.73% | -50.07% | 0.21x | 1.28x | CN¥-309.98 Million |
| 2021 | 2.64% | 5.66% | 0.40x | 1.17x | CN¥-99.59 Million |
| 2022 | 2.69% | 8.36% | 0.28x | 1.15x | CN¥-124.73 Million |
| 2023 | 1.48% | 3.94% | 0.30x | 1.26x | CN¥-146.56 Million |
| 2024 | -7.77% | -25.51% | 0.23x | 1.32x | CN¥-282.41 Million |
Industry Comparison
This section compares Zhejiang Shapuaisi Pharmaceutical Co Ltd's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $6,173,059,699
- Average return on equity (ROE) among peers: 2.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Shapuaisi Pharmaceutical Co Ltd (603168) | CN¥1.60 Billion | 33.63% | 0.32x | $200.87 Million |
| Shenzhen Neptunus Bioengineering Co Ltd (000078) | $2.84 Billion | -41.97% | 9.13x | $455.76 Million |
| Anhui Fengyuan Pharmaceutical Co Ltd (000153) | $1.20 Billion | 2.93% | 0.95x | $272.02 Million |
| Shan Dong Dong-E E-Jiao Co Ltd (000423) | $11.33 Billion | 18.40% | 0.22x | $3.06 Billion |
| Yunnan Baiyao Group Co Ltd (000538) | $13.53 Billion | 20.48% | 0.43x | $5.22 Billion |
| Hainan Haiyao Co Ltd (000566) | $1.49 Billion | 5.19% | 0.85x | $612.59 Million |
| Tus Pharmaceutical Group Co Ltd (000590) | $579.72 Million | -6.59% | 0.41x | $177.85 Million |
| Northeast Pharmaceutical Group Co Ltd (000597) | $4.71 Billion | 7.43% | 1.93x | $433.17 Million |
| Jilin Aodong Pharmaceutical Group Co Ltd (000623) | $23.53 Billion | 7.26% | 0.16x | $1.77 Billion |
| Renhe Pharmacy Co Ltd (000650) | $1.94 Billion | 10.02% | 0.20x | $704.53 Million |
| Changchun High & New Technology Industries Group Inc (000661) | $580.18 Million | 1.27% | 1.13x | $3.93 Billion |